As soon as the midterm election results came in, Trump-related assets were the first to buckle. TRUMP plunged 18.1% in 24 hours, hitting a low of around $1.22—an all-time low. It has now fallen more than 98% from its January 2025 peak of $73.43, basically taking a roller-coaster ride with no brakes.
Mi Ge thinks this sell-off is well deserved: after the Democrats took control of Congress, the market’s biggest concern was that investigations into the Trump family’s crypto businesses would intensify. Once the political premium disappeared, all that was left for the meme coin was sentiment. Meanwhile, Bitcoin rose around 3.3% and Ethereum gained 5.76%. It’s clear that money is moving into assets with liquidity and fundamentals, and the two sides are following completely different dynamics.
What hurts even more is that Trump Media & Technology Group shares also fell 17% that same day, hitting an all-time low as well. Both the stock and the token are being repriced. Mi Ge’s take is straightforward: coins propped up by political hype show their true colors once that hype fades. Even if there’s an oversold bounce in the short term, don’t mistake it for a reversal.
What do you think—after TRUMP breaks below the $1.20 mark, what new story can it tell?
#TRUMP代币24小时跌18.1%创历史新低 $BTC
Mi Ge thinks this sell-off is well deserved: after the Democrats took control of Congress, the market’s biggest concern was that investigations into the Trump family’s crypto businesses would intensify. Once the political premium disappeared, all that was left for the meme coin was sentiment. Meanwhile, Bitcoin rose around 3.3% and Ethereum gained 5.76%. It’s clear that money is moving into assets with liquidity and fundamentals, and the two sides are following completely different dynamics.
What hurts even more is that Trump Media & Technology Group shares also fell 17% that same day, hitting an all-time low as well. Both the stock and the token are being repriced. Mi Ge’s take is straightforward: coins propped up by political hype show their true colors once that hype fades. Even if there’s an oversold bounce in the short term, don’t mistake it for a reversal.
What do you think—after TRUMP breaks below the $1.20 mark, what new story can it tell?
#TRUMP代币24小时跌18.1%创历史新低 $BTC